Kolkata, Nov 7 -- As US President Barack Obama clinched a second term in office, industry group FICCI Wednesday said Indo-US business and economic ties will find continuity following his re-election but the "single most important point" for India Inc. is Obama's concern on outsourcing.

MUMBAI, India, October 19, 2012 - Tata Starbucks Limited, the 50/50 joint venture between Starbucks Coffee Company and Tata Global Beverages Limited, today opened the doors to the first Starbucks store in India.

Vienna, VA — The Financial Crimes Enforcement Network (FinCEN) and the Internal Revenue Service (IRS) announced on June 6 that a small subset of individuals with only signature authority over certain foreign financial accounts who are required to file a Report of Foreign Bank and Financial Accounts (FBAR) with respect to those accounts will receive a one-year extension beyond the upcoming filing date of June 30, 2011.

Legendary investor Warren Buffett today heaped lavish praise on Ajit Jain, long rumoured to be his successor, but stopped short of any clear hints on whether he would pass on the reins to the Indian-origin executive.

"I owe it to the people of India for sending Ajit Jain (to me) ... he is much smarter than what I am," 80-year old Buffett said during his maiden visit to India.

Every year, the IRS dutifully reports the most common blunders that taxpayers make on their returns. And every year, at or near the top of the “oops” list is forgetting to enter their Social Security number at the top of the tax form -- or making a mistake when entering those nine digits.

No doubt about it: The opportunity to make mistakes is almost unlimited, and missed deductions can be the most costly. About 46 million of us itemize on our 1040s -- claiming nearly $1 trillion worth of deductions. That’s right: $1,000,000,000,000, a number rarely spoken out loud until Congress started debating economic-stimulus plans to combat the Great Recession.